Raymond James Forecasts Weaker Earnings for Exchange Income

Exchange Income Co. (TSE:EIF) – Equities research analysts at Raymond James lowered their FY2024 EPS estimates for Exchange Income in a report released on Monday, November 11th. Raymond James analyst S. Hansen now expects that the company will post earnings of $2.95 per share for the year, down from their prior forecast of $3.30. The consensus estimate for Exchange Income’s current full-year earnings is $4.00 per share. Raymond James also issued estimates for Exchange Income’s FY2025 earnings at $3.52 EPS.

Several other research analysts also recently commented on EIF. National Bankshares raised their price target on shares of Exchange Income from C$61.00 to C$68.00 in a research note on Monday. CIBC increased their price target on Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research report on Monday, August 12th. ATB Capital increased their target price on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Royal Bank of Canada boosted their price target on shares of Exchange Income from C$65.00 to C$71.00 in a report on Thursday. Finally, Ventum Cap Mkts raised shares of Exchange Income to a “strong-buy” rating in a research note on Tuesday, November 5th. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$68.28.

Exchange Income Stock Performance

Shares of Exchange Income stock opened at C$56.48 on Thursday. Exchange Income has a 52 week low of C$43.08 and a 52 week high of C$57.69. The company has a market capitalization of C$2.68 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The stock’s fifty day moving average is C$52.92 and its two-hundred day moving average is C$48.82. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03.

Exchange Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.64 annualized dividend and a dividend yield of 4.67%. Exchange Income’s dividend payout ratio is presently 109.09%.

About Exchange Income

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.